Is College Degree The Only Way To Land A Lucrative Job?

In the past few years, many Irish individuals were prevented from getting lucrative jobs due to prejudice. Most of us are used to the tales of job notices saying “No Irish need apply.” But the fact remains that such prejudice still exists today and is preventing numerous Irish educated people to apply for jobs. Currently, there is a common attitude across Ireland, which is rather ill-informed, that considers a university degree as the only way to land a lucrative job. Moreover, vocational training and apprenticeships are considered to be a poor quality alternative.

Demand For Vocational Skills

Vocational Training

Image source:bit.ly/1WQDvtK

The truth is, presently there is a rapidly increasing demand for individuals with vocational skills. For instance, around 48,000 workers are now employed in the logistics industry, and in the coming 5 years an additional 13,500 to 15,500 people will be added as the sector will expand. The level of skills required to work in the logistics sector is expanding. Today we need advanced computer management systems along with cutting edge automated warehouses to keep the work going, which is necessitating a high demand for trained & skilled staff.

Damien English, Minister of State for Skills, Research and Innovation, recently wrote in an article “Ireland now has one of the highest proportions of people with a third-level degree in the EU. According to Eurostat, more than half of 30 to 34 year old (51.1 per cent) in Ireland have completed third level compared to a European average of 35.8 per cent of 30- to 34-year-old who had completed tertiary education. The third-level system and the graduates it produces have been key to our economic success.”

Emerging Challenging

Knowledge And Skills

Image source:bit.ly/1Rxc0T7

But, now problems are starting to come up with the existing system. The excess focus on university is preventing numerous youths from acquiring salable knowledge and skills that will enable them to build successful careers. Rather, these young people are being motivated to pursue courses that are not suitable for them or their future careers.

English added “One result is that on average 15 per cent of students drop out after first year (22 per cent from ITs, 9 per cent from universities and 4 per cent from teacher-training colleges). This is a waste both of the students’ time, and taxpayers’ and parents’ money.”

Workers Are Overqualified

A new report from the Organisation for Economic Co-operation and Development (OECD) found that more than 42 per cent of workers in Ireland are employed in a field which is not suitable for their qualification. The figure is much more than the OECD average. Moreover, more than 50 per cent of these people are identified as overqualified for the positions they are employed in. According to the report, it has been estimated that this mismatch of qualifications and jobs cost the economy around €1.5 billion.

Education Degree

Image source:bit.ly/1G1GZW6

Damien English wrote “We have a very good education system but there are significant gaps in how we build skills in Ireland. Academic ability is not the only valuable talent and not every profession is best learnt in an academic setting. Business needs people with strong practical skills, and apprenticeships and vocational training are key to delivering these.”

He added “We need to recalibrate the third-level educational system to focus more on learning by doing and on-the-job training if we are to address these issues. ”

What do you think? Share your own opinions and thoughts with us by commenting below. We would love to hear from you.

Article source – bit.ly/1OoJbK2

Advertisements

Entrepreneurs In Nigeria – The Challenges They Undergo, The Success They Achieve

                        Source – bit.ly/1JNmAjc

More and more youths across Nigeria are now opting for entrepreneurship as a career choice due a strong lack of employment opportunities and severe political disturbances. If you wish to become financially independent and create a good life for yourself and your family, then becoming an entrepreneur can be a great idea, provided you have the right skills and knowledge and willing to face business challenges. It can enable you to become a successful business leader and add significant value to the national economy. Read on…

Challenges For Nigerian Entrepreneurs

   Source – bit.ly/1Oy1Dwd

Nigeria is currently facing a wide range of problems and difficulties like political turmoil, terrorism, unemployment, poverty, illiteracy etc. This scenario is not only affecting the general populace and the youths of Nigeria, but is also creating severe challenges for aspiring and striving entrepreneurs. The unfortunate state of graduates from various Nigerian universities suffering from massive unemployment is echoed by 2004 data available from the National  Universities Commission (NUC).

According to 2001 statistics from the National Population Commission, over 50% of the population in Nigeria are below 30 years. This clearly implies that the national economy is undoubtedly a youth economy. Hence, if the Nigerian youths suffer from poverty and unemployment, it will adversely affect the entire nation as well. It is for this reason more and more Nigerian youths should focus on entrepreneurship as it will not only help them achieve professional success, but also create more jobs in the economy.

However, the truth is Nigerian entrepreneurs or those aspiring to become one face too many challenges which might discourage them to move forward with their plans for starting a business. Here are some of the problems that you might face as an entrepreneur in Nigeria-

–Issues Related To Safety & Security

With growing threats from terrorist and an unstable government, it has become really difficult for aspiring entrepreneurs to start a successful business as there is no security of property and lives in Nigeria.

–Unstable & Corrupted Government

The unstable political scenario in the 3 tier of government results in increased risks and uncertainties related with investments. Moreover, widespread corruption has became a real challenge not just for the business world, but also for the society at large.

–Energy Crisis

Numerous companies and factories have already been compelled to shut down due to a lack of constant energy supply. As local manufacturing firms are becoming unable to compete with international brands, they are running out of business. Moreover, most firms are operating factories with generators, which not feasible for any business in the long run.

–Poor Infrastructure & Transportation

The Nigerian transportation system is a nightmare- roads are lined with potholes, the railway system does not operate properly, the air transport system is facing a crisis, while the waterway is still undeveloped. It is simply not possible for businesses to transport raw materials or finished products without spending excessive money.

Nigeria Needs Entrepreneurs 

                               Source -bit.ly/1Oy1RDG

 

Although it is certainly challenging to start and run your business in Nigeria, but the fact is Nigeria is an entrepreneurial country. And this is the reason why more and more Nigerian youths are going for entrepreneurship. In the past few years, innumerable young people and started their own business and have succeeded in accomplishing their business goals. So if you want to start your own business, then you will find ample opportunities for growth and expansion. However, it is essential that you gain the required business knowledge and skills first.

Study Business & Get Started

Studying business will help you gain the needed entrepreneurial, management and leadership skills and empower you to take your venture forward. But let’s face it, with the widespread poverty in our country, pursuing a full time programme is not the smartest move right now. Moreover, it will also hamper your chances of gaining work experience as you will spend most of your time sitting in a classroom. Then what should you do?

Simply opt for a business diploma online as it will offer you excellent affordability, flexibility and convenience. Online business education is perhaps the most ideal learning solution for aspiring entrepreneurs as there is a dearth of affordable education opportunities in the country. By studying business online you can choose to work and study simultaneously and gain relevant work experience which will help you in running your business later. Moreover, you will also get excellent networking opportunities and establish new relations and bondings will help you in getting funding and operating your business.

A Final Word

Your online business degree will make you more confident and help you develop the right skills for running your business and succeed as an entrepreneur in Nigeria.

A Quick Look At Entrepreneurship In Africa

                                              Source – bit.ly/1QRYB6g

Today it is becoming much clearer that entrepreneurship can be considered as best solutions to challenging economic scenario faced by Africa, including capital formation, job creation, skills acquisition, social inclusion and quality of governance. But it is important that we find out how it has developed across Africa. Are there any specific features of entrepreneurship in Africa that we may believe relevant to major international debates on sustainability and development?

Characteristics of entrepreneurship in Africa

               Source – bit.ly/1GyxnQz

 I have invested a lot of time in connecting with an effective pro-business think tank which has been busy in developing a useful database of start-ups, small businesses, innovation-focused enterprises and entrepreneurs in Africa. Analysing questionnaire responses, anecdotes, case studies and other aspects of entrepreneurship in Ghana and other African regions, I realised there were 2 main features of African entrepreneurship: hyper-entrepreneurship & excess diversification.

Earlier I had a rather negative attitude towards both these issues. I kept searching for reasons why the great start of our African economy has been comparatively slower than what was estimated by the experts. At present, Africa is developing by 5 per cent yearly, instead of 10 per cent growth which we can observe in India and China. I believe the problem is that the style of hyper-entrepreneurship followed across Africa are drastically different from the general business models that are predominant in the West.

Hyper-entrepreneurship

Regarding hyper-entrepreneurship, the observation was the rate of staff turnover seemed rather high in the entrepreneurial section of our economy, which includes sole proprietorships, innovation-driven businesses, non-public businesses, small businesses and even startups. The workers who we were observing in the business revealed an impressively high propensity, as compared to their western counterparts, to quit their existing jobs and start a new business, instead of getting another job with a higher pay. This pointed to a major shortfall in quality followership across Africa, which means a shortage of essential managerial talent.

Now i am sure that the entrepreneurial driver for the talent bubble in labour markets in Africa yields adequate net benefits for the economy. This is primarily by reason of being in a job tends to encourage latent entrepreneurship. Moreover, there is a growing intensive investment of social capital for creating financial capital. Hence, although most employees might not be able to save adequate cash, they tend to develop confidence and build contacts which can prove to be as good as cash in a standard informal economy.

                  Source – bit.ly/1dAPTfW

Excess diversification  

However, there is also a tendency towards excess diversification which I observed. My think-tank team and I were surprised to realise that several simultaneous businesses are managed and owned by a typical entrepreneur in Africa. A particular waste utility entrepreneur led almost 66 different organisations. In general, most entrepreneurs that were studied tended to run about 6 businesses on average.

The business leaders who are running these small sized organisations were most probably had less prospects compared to if they focused on lesser and scalable businesses by adjusting their incentives with determined managers. In this perspective, the economy was struggling with numerous clones of foreign exchange bureau, autogarages, restaurants, grocery shops etc. The profit margins tended to be low, which resulted in low salaries, limited growth and growing departing managers who opened more clone businesses, resulting in economic under-performance.

However, I still believe that Africa can move forward and improve the economic state of the continent by taking the right entrepreneurial measures and supporting aspiring entrepreneurs to succeed.

What are your thoughts on this topic? Share your thoughts with us by commenting here.

Article Source – bit.ly/1dAQiPm